Saudi Money Keeps Lucid Motors Afloat In Struggling EV Market, Buys $1 Billion More Stock As Company Struggles to Find Enough Wealthy Buyers

Lucid Group Inc. LCID had a tough start to 2024, with its stock down over 34%. The good news is that for now, Lucid can continue to count on its largest investors' backing to support its massive cash burn. An affiliate of the Saudi Public Investment Fund (PIF) recently announced purchasing $1…#lucidgroupinc #lcid #pif #uberfacebookand #apple #peterrawlinson #saudi #airpure #ebay #lucidmotors
Source: Reuters: Health - Category: Consumer Health News Source Type: news